Teal Mountain Company, a computer services company, entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $39,200 in the business in exchange for common stock of the company. 2. Purchased computers for office use (recorded as Equipment) for $29,400 from Ladd Co. on account. 3. Paid $3,920 cash for May rent on storage space. 4. Performed computer services worth $18,620 on account. 5. Performed computer services for Wharton Construction Company for $4,900 cash. 6. Paid Western States Power Co. $7,840 cash for energy usage in May. 7. Paid Ladd Co. for the computers purchased in (2). 8. Incurred advertising expense for May of $1,274 on account. 9. Received $11,760 cash from customers for contracts billed in (4). Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand column. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)